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Sep 30, 2022
Lantheus Q3 2022 Earnings Report
Reported an increase in worldwide revenue and a shift from GAAP net loss to GAAP net income compared to the prior year period.
Key Takeaways
Lantheus reported a significant increase in revenue and a shift to net income in Q3 2022. Worldwide revenue increased by 134.4% compared to the prior year period, and GAAP net income was $61.2 million, compared to a net loss in the prior year period. The company also provided Q4 2022 revenue and adjusted diluted EPS guidance and increased full year guidance.
Worldwide revenue of $239.3 million, up 134.4% year-over-year.
GAAP net income of $61.2 million, compared to a net loss of $13.4 million in the prior year period.
GAAP fully diluted net income per share of $0.86, compared to a net loss per share of $0.20 in the prior year period; adjusted fully diluted net income per share of $0.99, compared to $0.08 in the prior year period.
Net cash provided by operating activities was $93.6 million. Free cash flow was $87.5 million.
Lantheus
Lantheus
Forward Guidance
The Company updates its guidance for full year 2022 and offers the following guidance for the fourth quarter:
Positive Outlook
- Q4 FY 2022 Revenue $243 million - $247 million
- Q4 FY 2022 Adjusted Fully Diluted EPS $0.95 - $0.98
- FY 2022 Revenue $915 million - $919 million
- FY 2022 Revenue $885 million - $905 million
- FY 2022 Adjusted Fully Diluted EPS $3.80 - $3.83